Giving credit to Real Life Trading with the 'one-white-soldier' candle pattern it might not be showing a high amount of power but it surely seems to be there and at a bottom of this ticker's burn. Take $CRUS bullish?
This is a breakout and has formed a long base, it is important to see if volume will be above average however if a true breakout it should stay above the breakout level so use caution but could move well from here
On the left spotted ultra high volume bar, distribution started here from big money.
The stock came back to the same area and volume is drying dramatically.
creating high chance for short trade.
Entry on Monday open price
Stop loss = 38.39
Profit target 1 = 35.23
The plan :
At profit target 1 exit half of the position . and profit target 2 will be ...